Question 2: ABC publishing company is preparing to produce the second edition of a textbook. Mr. Omer, the operations manager of the publishing section is trying to plan and control this project. The activities required for this book publishing and their three times estimated are as follows (all times are assessed in weeks): Optimistic Most Pessimistic ID Description Immediate Predecessor (a) Likely (b) (m) A Assess market 1 2 3 B Get reviews from users A 1 1.5 2 C Revamp old material and add new material B 3 5 9 D Obtain review and prepare final draft C 4 6 12 E Revise and expand problems B 2 F Copy edit final draft D 1 1.5 75 45 2.5 G Copy edit problems E 0.5 1 1.5 H Set type, proof and print book F, G 5 5 6 6 Prepare instructor's manual J Produce instructor's manual E 2 3 4 4 1 1.5 2 K Complete book and instructor's manual H, J 0.5 0.5 0.5 Questions a) Apply the proper calculation to find how long will it take to handover the project (the Critical Path Time and Critical Path Activates)? And determine the Slack for Non-Critical Activates. (7.5 marks LO2) b) Analyze the outcomes and write the managerial report (What is the meaning of this critical path time and activities? What benefits to the slack for each non-critical activity? Evaluate the meaning of the probability to finish the project one week earlier).